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20121203
20121203
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CSPAN
Dec 3, 2012 5:00pm EST
to $500. that would have a significant impact on just regular working folks. host: jason joins us from rancho cordova, calif.. and republican caller, go ahead. caller: four quick comments. number one, we are talking about bill gates and warren buffett and driving some kind of benefit by setting up these trusts. most of the people do this because they give all of their money away to charities and they know that this money, if left after their death, it will be taken over by the government and most like the squandered. most of the money by these wealthy people is given away to people, to charity and to people that can really use it. i think they should be given some credit for that. number two, they keep talking about the wealthy and the middle class. the wealthy people in this country, like carnegie, henry ford, john rockefeller, to me, they are responsible for creating the middle class. the middle class did not really exist before people like that came and created these big corporations and created the jobs that put america and where it was. host: we are just about out of time. bu
CSPAN
Dec 3, 2012 2:55pm EST
-cyclical role. the phrase i always use, it is inherent to an insurance model. fha does it for a public purpose. there is a point at which -- i have had plenty of economists argue that it is not rational for us to charge today's home buyers more than it costs us to pay for the losses of the past. we had a large, traumatic, national emergency. think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market comes in, they're going to take those and take the business away from the fha. i will celebrate that, because that is business that the private sector should do. we are waiting for it to come in order to get them into that market. >> any changes you think the fha ought to be considering? som
Search Results 0 to 1 of about 2